Shinhan becomes 1st Korean financial group to establish holding company in Indonesia

Shinhan Financial Group launched Shinhan Financial Group Indonesia in Jakarta on Monday, becoming the first Korean financial group to establish a local financial holding company in Indonesia. Shinhan Indonesia Bank now oversees the group’s Indonesian banking, card and securities operations. The restructuring, completed on Sept. 16 after regulatory approval, is intended to improve coordination and decision-making. Shinhan also signed an MOU with Sinar Mas to explore corporate finance and supply chain finance cooperation.

Shinhan Indonesia Bank acquired 50 percent plus one share in both Shinhan Indo Finance and Shinhan Investment Securities Indonesia, giving it majority ownership of the affiliates.

Indonesian financial authorities approved Shinhan’s restructuring in September 2025 after the government announced the holding-company requirement in December 2024.

Shinhan has about 900 employees in Indonesia after expanding its presence there for more than a decade.

The launch ceremony was attended by Shinhan Financial Group Chairman Jin Ok-dong and Indonesian financial authorities.

The MOU with Sinar Mas covers potential cooperation in corporate finance and supply chain finance.

Published Oct 13, 2026 2:29 pm KST

Shinhan Financial Group Chairman Jin Ok-dong, fifth from left, poses with Shinhan executives and Indonesian financial officials during a launch ceremony for Shinhan Financial Group Indonesia in Jakarta, Monday. Courtesy of Shinhan Financial Group

Shinhan Financial Group has officially launched Shinhan Financial Group Indonesia, becoming the first Korean financial group to establish a local financial holding company in the Southeast Asian country, the company said Tuesday.

The launch ceremony was held in Jakarta on Monday, attended by Shinhan Financial Group Chairman Jin Ok-dong and local financial authorities.

The new structure places Shinhan Indonesia Bank at the center of the group's Indonesian operations, with the bank taking on the additional role of a holding company overseeing its local card and securities businesses.

The restructuring follows the Indonesian government's announcement requiring financial groups to establish holding companies in December 2024.

Shinhan began reorganizing its local governance structure in response to the requirement and received approval from Indonesian financial authorities in September 2025. The transition was completed on Sept. 16 following the transfer of stakes in the group's local affiliates, according to the company.

Under the new structure, Shinhan Indonesia Bank acquired additional stakes in Shinhan Indo Finance and Shinhan Investment Securities Indonesia from Shinhan Card and Shinhan Securities, respectively. The bank now holds 50 percent plus one share in each company, giving it majority ownership of the two affiliates.

The new structure is intended to strengthen coordination among Shinhan's Indonesian businesses and streamline decision-making process, the company said.

Shinhan has expanded its presence in Indonesia over the past decade and now has about 900 employees in the country.

Separately, Shinhan Financial Group signed a memorandum of understanding with Sinar Mas, one of Indonesia's largest conglomerates, to explore cooperation in corporate finance and supply chain finance.

The agreement is part of the financial group's efforts to diversify its business in Indonesia following the launch of the holding company structure.

"With the launch of the local financial holding company, we now have a framework to manage our Indonesian operations under a unified structure. And the memorandum of understanding is a new step toward expanding our business in the country," Jin said.

"Through our partnership with Sinar Mas, we aim to provide financial services tailored to local customers and contribute to economic development in both countries," he added.

新韩金融集团周一在雅加达正式成立新韩金融集团印尼公司，成为首家在印尼设立本地金融控股公司的韩国金融集团。新韩印尼银行目前负责该集团在印尼的银行、信用卡和证券业务。此次重组已于9月16日获得监管部门批准并完成，旨在提升集团内部的协调性和决策效率。此外，新韩金融集团还与金光集团签署了一份谅解备忘录，探讨在企业融资和供应链金融领域的合作。

新韩印尼银行收购了新韩印尼金融公司和新韩投资证券印尼公司各 50% 加 1 股股份，从而获得了这两家关联公司的控股权。

印尼金融当局在政府于 2024 年 12 月宣布控股公司要求后，于 2025 年 9 月批准了新韩集团的重组计划。

新韩集团在印尼发展十余年，目前在印尼拥有约900名员工。

新韩金融集团董事长金玉东和印尼金融监管机构代表出席了发布会。

与金光集团签署的谅解备忘录涵盖了在企业融资和供应链金融领域的潜在合作。

发布于2026年10月13日下午2:29（韩国标准时间）

周一，在雅加达举行的新韩金融集团印尼公司成立仪式上，新韩金融集团董事长金玉东（左五）与新韩高管和印尼金融官员合影。图片由新韩金融集团提供。

新韩金融集团周二宣布，已正式成立新韩金融集团印尼公司，成为首家在东南亚国家设立本地金融控股公司的韩国金融集团。

启动仪式于周一在雅加达举行，新韩金融集团董事长金玉东和当地金融官员出席了仪式。

新架构将新韩印尼银行置于集团印尼业务的中心，该银行还承担了控股公司的角色，负责监管其在印尼的信用卡和证券业务。

此次重组是继印尼政府宣布要求金融集团在 2024 年 12 月之前成立控股公司之后进行的。

根据相关要求，新韩集团开始重组其在印尼的治理结构，并于2025年9月获得印尼金融当局的批准。该公司表示，随着集团在印尼子公司的股份转让完成，过渡工作已于9月16日完成。

根据新的股权结构，新韩印尼银行分别从新韩信用卡公司和新韩证券手中收购了新韩印尼金融公司和新韩投资证券印尼公司的额外股份。目前，该银行持有这两家公司各50%加一股的股份，从而成为这两家关联公司的控股股东。

新韩集团表示，新的组织架构旨在加强其在印尼各业务部门之间的协调，并简化决策流程。

过去十年间，新韩集团在印度尼西亚的业务不断拓展，目前在该国拥有约 900 名员工。

另外，新韩金融集团与印尼最大的企业集团之一金光集团签署了一份谅解备忘录，探讨在企业融资和供应链金融领域的合作。

该协议是该金融集团在推出控股公司架构后，为实现其在印尼业务多元化而采取的举措之一。

金表示：“随着本地金融控股公司的成立，我们现在有了一个统一的框架来管理我们在印尼的业务。而这份谅解备忘录是我们拓展在印尼业务的新举措。”

他补充说：“通过与金光集团的合作，我们旨在提供量身定制的本地客户服务，并为两国经济发展做出贡献。”